The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-02-04

memphis Il evat0r.. 100 bid, asked
Memphis Brick Co.. ITO bid, ... asked
Memphis AbstrSctOo O.. 125 bid, -. asked
Tenn. Val. l. & r. Co..40 bid, As asked
Florence L. & NJ. %. 80 bid, S2i asked
NEW York, February S.-Money on
call easy a. Sa4 per cant, last loans at
8 per cent, cosing at 249S per cent
Prime mercantile paper, 5i963 per
cent. Sterling exchange dull but
steady at 4S5 for 60 day bills and 4SS
for demand.
Bonds Government bonds and
State bonds were dull and steady.
Stocks-The political complications
in Europe and their depressing iniu.
ence upon the markets there, snd
especially the London stock market,
again became the most important
factor in the course Of prices here.
The early morning advices showed q
feverish and depressed condition
among our securities upon the Lon
don exchange, and the confident feel
ing existing last evening disappeared
before the opening of the board.
There was again pressure to sell by
foreign houses, and all the specialties
10 which London is interested were
heavy sufferers. AS usual the room
was on the side OF the dominant
movement, and sales for both sides OF
the account were heavy. Although
there was no encouragement in the
progress of the negotiations look
ing toward settlement OF the labor
difficulties, the advices from WASH
ipgton were favorably received. Stocks
were more freely supported, and an
entire revelation in the temper of the
speculation took place. The early
Losses we're entirely recovered under
the free covering of shorts, but
realiz itions toward the close CAUSED a
slight depression at that time. Nav
England was again the most conspicu-
GUS stock GA the list, and the London
specialtes came next in order. The
general list, however, was compare
lively quiet. The opening was de-
cidedly weak, declines from last
evenings final figures beirg from ! to
/, the latter in Reading. A steady
depreciation took Place, and by 1880
material declines had been established.
After that time, however, better
feeling prevailed, and by delivery
hour meat stocks were at the highest
for the day, and considerably above
the opening figures. A renewal of the
depression occurred in the last three.
quarters of an hour, and the market
closed quiet and generally
weak. Sales, 352 524 shares. The
active list generally shows
declines, Louisville aud Nashville
being down ri, Texas Pacific IL, Nor
folk and Western, preferred, Ii. Rail-
road bonds were moderately active.
The most conspicuous movement was
an advance of 81 per cent in New
York City snd Northern certificates,
which is generally supposed to have
some connection with the New Eng
land deal. They ran off somewhat at
the close and fioally closed II per
cent. higher at 69a upon sales OF $751;
600. There were sales of $l48,000
Erie Eds aud $l19, 900 Denver As out of
q total days business of $l,459 900.
Prices osely followed the movement
in share speculation, and Fl AL prices
show losses in majority Of cases.
Texas Rio trust receipts are down II,
at 65; Nickel Plate lets lost 2; at 95.
The total sales OF stocks today were
352,524 shares, including Delaware,
Lackawanna and Western, So 40;
Erie, Ia, $50; Kansas aud Texas, $500;
Lake Shore, 2S,455; Louisville and
Nashville, SO, 1850; New Jersey Central,
4l02; New York Central, 1880; Ohio
and Mississippi, 1886; Reading, 60,e45;
Richmond and West Point, 1900; st.
Paul, $3.50; Texas Pacific, $500;
Union Pacific, 1910; Western Union,
1885. Closing quotations:
GOVERNMENTS.